Market News Blog
Stay in the Know: Market Updates, News, & Media
Soybean oil futures dip below 50 cents
Most-active Dec-23 soybean oil futures pushed lower for a majority of the week of Oct. 23, hitting a low of 51.18 cents per pound [...]
Corn sales to Mexico slow after late September spike
Net corn export sales to Mexico were 260,333 MT the week of Oct. 9, a four-week low. Net sales were almost 1.15 MMT during [...]
Weather, demand, and tighter supply rallies cocoa futures
Excessive rainfall in West Africa is a concern for the yield and production of the cocoa crop. Despite the weather challenge, Ivory Coast is [...]
EIA, USDA out of sync for 2024 ethanol production
In the October Short-term Energy Outlook, EIA projected 2024 ethanol production at 980,000 barrels per day, just slightly higher than 2021’s level. In 2020/21, [...]
Short-covering % South American concerns lift corn
Dec-23 continued to make fresh two-month highs the week of Oct. 16, settling at $5.05 per bushel Oct. 19. The contract touched a high [...]
NOPA September crush increased, above average expectations
September 2023 soybean crush was below analysts’ expectations: Soybean crush increased for the month of September with about 165.0 million bushels crushed in September 2023. [...]
Early October three-session rallies for world sugar futures
Benchmark Mar-24 #11 world raw sugar settled at 26.74 cents Oct. 6 after a three-session rally, straddling the 20-day moving average. The contract returned [...]
FAO reports world food prices down marginally in September
FAO reported global food prices down marginally in September (adjusted for inflation). Year on year, the Food Price Index (FPI) was reported down 12 [...]
Nonfat dry milk (NFDM) stocks down per USDA
The Oct. 4 USDA Dry Products report showed that stocks of human-grade nonfat dry milk (NFDM) declined 7 percent, down 20 million lbs from [...]
Soy complex prices reverse course
Soybean oil prices trickled lower in the first half of the week of Oct. 9, with the H1 2024 strip touching around 51.75 cents [...]
September corn use for ethanol up 11% YOY
Weekly ethanol production has shown year-on-year growth since mid-June when output began to track 2019 volumes. At the start of October, average daily production [...]
Benchmark #11 world sugar breaks below 20-day average
After reaching a high of 27.69 cents on Sep. 19, most-active Mar-24 #11 world raw sugar trended lower, testing resistance earlier in the week [...]